Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 27 October 10:04 (GMT -05:00)



Stock and commodities markets

Investment Banks Make Controversial Oil Forecast for 2018


After the OPEC+ deal was extended not so long ago, several investment banks changed their predictions for the global oil prices in 2018. Bloomberg tried to compile those prediction into a single article.
 
In particular, when trying to describe the current state of the global oil market, Bloomberg experts say that the market may well end 2017 with a rally. If that’s the case, this is going to be the second consecutive bullish year for the global market of crude oil.
 
Goldman Sachs is reported to have come up with the most optimistic forecast for the oil market. Given the fact that the OPEC+ deal participants have been very good at complying with the agreement, they experts decided to upgrade their Brent oil forecast by 7% up to 62 dollars per barrel.
 
As for JP Morgan Chase, the bank’s experts have been bullish on crude oil as well. They have upgraded their Brent oil forecast from 58 dollars per barrel up to 60 dollars per barrel.
 
UBS is also on the bulls’ team. They have upgraded their Brent oil forecast from 55 dollars per barrel up to 60 dollars per barrel. It’s interesting to note that even though the OPEC+ deal was extended for the entire 2018, they are going to start to close down the deal unofficially at some point in the 3rd quarter of the year.
 
Credit Suisse experts have upgraded their Brent oil forecast from 53 dollars per barrel up to 60 dollars per barrel.
 
At the same time, Citigroup experts don’t deny possible changes in the balance between the oil supply and demand. They are convinced that the market is going to be balanced in the 3rd quarter of 2018. With that being said, their forecast has been unchanged since July 2017 – 60 dollars per barrel. The same holds true for Barclays. Their forecast has been unchanged since July 2017 – 55 dollars per barrel.
 
At the same time, Masterforex-V Academy reports that Brent oil has gone up in value by 12% since the beginning of 2017.
 

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Goldman Sachs is back in the game

20 years ago, Goldman Sachs used to be a Wall Street legend and a dream company to work for graduates with a financial degree. Over the last few years, the bank has been a loser with thousands of disappointed employees, managers, and investors. However, the other day Goldman Sachs made an attempt to get back in the game.

Publication date: 16 October 01:17 PM

European ETFs - Decent Alternative to American ETFs

The mentioned PRIIP rules are forcing the financial service providers and brokers to publish a specific set of info documents including the so-called KID with the key info on certain investment and insurance products. Since the funds coming from outside of Europe do not conform to these requirements, they cannot be offered to EU residents as investment products.
Publication date: 19 September 01:48 AM

Warren Buffett Keeps Loading Up On Bank of America's Stock

Berkshire Hathaway keeps loading up on Bank of America's stock. This time, during the period of July 31st - August 4th, they purchased over 13,6 million shares, which cost 337 million dollars. The average prices was 24,81 dollars per share. With that being said, Berkshire Hathaway now owns 1,03 billion shares of the stock, which is 26,15 billion dollars in dollar terms. As for the Federal Reserve, they agreed to increase the fund's share to 24,9%.

Publication date: 12 August 01:39 AM

WTI Price Drops After US Oil Inventories Report

Today, another crude oil inventories report has been released by the USA:

Publication date: 03 June 12:21 PM

Is Gold Worth Investing Amid Crisis?

Securing assets has always been number-one goal during crises. This is something that worries borth financial experts and plain folks who are far from the  peculiarities of the financial world but who are still witnessing their savings vanish amid inflation and devaluation.

Publication date: 14 April 02:09 AM

Remember the Key Rules of Investing in Stocks

Without further ado, let's consider a bunch of principles of investing in stock, which will put the odds of succeeding in this business in your favor:

Publication date: 11 March 01:14 AM

Apple Patents iPhone Without Ports And Holes, Device Expected In 2021

It seems that the release of the long-awaited iPhone without any ports or holes is getting more and more portable. Apple has always favored minimalistic designs, especially over the last 5 years. In 2015, almost all of the classic ports were deprecated in MacBooks in favor of a single one - USB-C Thunderbolt 3. In 2017, iPhone 7 got rid of the 3.5mm audio jack.

Publication date: 05 March 08:20 AM

Gold Sets New Records

The gold market is insane. The gold futures price set a new major high in New York. In particular, the dollar price of the precious metal set a new 7- year high. With that being said, maybe you should add gold to your investment portfolio along with BTC? Well,lat's ponder upon this question.

Publication date: 14 January 01:23 AM

Brent Prices Drop Down To $61/b

The concerns over the global demand for crude oil are getting back to the market again. The current trading week has been a week of discounts. Earlier today, Brent oil saw its price drop down to 61 dollars per barrel. The WTI price dropped all the way down to 56 dollars per barrel. The supply side has got an upper hand.
Publication date: 27 September 04:52 AM

Gold Prices Are Getting Stable After Monday's Rally

Last week was rich in the information about various financial markets, which could exert downward pressure on gold prices. Strange as it may seem, the situation in the ore market was relatively calm. Eventually, the week closed in the green zone. Those gains mainly had to do with Friday's gold rally. International traders and investors reacted to the information about another global economic slowdown coupled with the trade war between the United States and China as well as the current situation in the Middle East, and started loading up on gold as a safe-haven asset, which eventually pushed the prices higher. 

Publication date: 24 September 05:15 AM